Muscat City Desalination Company financial statements – Income Statement and Statement of Balance sheet attached. Analyze the information contained in the company’s balance sheet and income statements to answer the following questions.

• Are the company assets listed in the proper order?
• What type of the format used in the income and balance sheet statement?
• How are the company assets and liabilities classified?
• What are the cash equivalents?
• Muscat City Desalination Company statements audited or unaudited? Explain.

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11TY DESALINATION COMPANY SAOG 6 Statement of financial position as at 31 December 2019 Notes 2019 RO'000s 2018 RO'000s ASSETS Non-current assets Property, plant and equipment Lease asset (right of use assets) Deferred tax 89,168 91,545 185 716 21 162 Total non-curvent assets 90,069 91,707 Current assets Trade and other receivables Cash and cash equivalents 1,482 1,973 3,455 1,385 1,820 3,205 Total eurrent assets Total assets 93,524 94,912 EQUITY AND LIABILITIES Equity Share capital Legal reserve Retained earmings Cumalative changes in fair values of derivative financial instruments 15,555 1,777 15,555 1,628 254 336 10 (3,223) (624) Total equity 14,445 16,813 Non-current linbilities Non-curent portion of term loans Non-curent portion of fair value of derivative financial instruments Provision for decommissioning obligation Deferred tax S6,450 3,592 366 3,785 59,562 657 349 10 21 3,001 Lease liability - non-current portion Sharcholders" bridge lons Sharehokders" stand-by equity loans End-of-service benefes 24 13 183 8,854 14 754 26 15 Total non-curvent liabilities 74,010 72,438 Curreat liabilities Current portion of term loans Current portion of fair value of derivative financial instruments Lease liability - current portion Shareholders' stand-by equity loans Trade and other payables 3,188 200 3,106 10 77 24 14 754 15 1,674 1,724 Total current liabilities 5,069 5,661 Total liabilities 79,079 78,099 Total equity and liabilities 93,524 94,912 Net nssets per share (RO) 23 0.093 0.108 Chairman Chief Expeutive Officer The accompanying notes form an integral part of these financial statements. 11TY DESALINATION COMPANY SAOG 6 Statement of financial position as at 31 December 2019 Notes 2019 RO'000s 2018 RO'000s ASSETS Non-current assets Property, plant and equipment Lease asset (right of use assets) Deferred tax 89,168 91,545 185 716 21 162 Total non-curvent assets 90,069 91,707 Current assets Trade and other receivables Cash and cash equivalents 1,482 1,973 3,455 1,385 1,820 3,205 Total eurrent assets Total assets 93,524 94,912 EQUITY AND LIABILITIES Equity Share capital Legal reserve Retained earmings Cumalative changes in fair values of derivative financial instruments 15,555 1,777 15,555 1,628 254 336 10 (3,223) (624) Total equity 14,445 16,813 Non-current linbilities Non-curent portion of term loans Non-curent portion of fair value of derivative financial instruments Provision for decommissioning obligation Deferred tax S6,450 3,592 366 3,785 59,562 657 349 10 21 3,001 Lease liability - non-current portion Sharcholders" bridge lons Sharehokders" stand-by equity loans End-of-service benefes 24 13 183 8,854 14 754 26 15 Total non-curvent liabilities 74,010 72,438 Curreat liabilities Current portion of term loans Current portion of fair value of derivative financial instruments Lease liability - current portion Shareholders' stand-by equity loans Trade and other payables 3,188 200 3,106 10 77 24 14 754 15 1,674 1,724 Total current liabilities 5,069 5,661 Total liabilities 79,079 78,099 Total equity and liabilities 93,524 94,912 Net nssets per share (RO) 23 0.093 0.108 Chairman Chief Expeutive Officer The accompanying notes form an integral part of these financial statements.

Answer rating: 100% (QA)

pple 1 Yes all are the assets included under the Apple current assets listed in the proper order Bal... View the full answer